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New Generation Computing

, Volume 23, Issue 1, pp 13–22 | Cite as

Emergence and stability of key currency in artificial international trade

  • Tomohisa Yamashita
  • Koichi Kurumatani
  • Yuichi Sasaki
  • Hidenori Kawamura
  • Azuma Ohuchi
Special Feature

Abstract

In this research, we tackled the emergence and stability of key currency when economic strength countries was equal. We propose an artificial international market model with currency credibility as the standard selected for payment. We constructed multiple markets based on the X-Economy System. Through simulations, we found the possibility that key currency could emerge in a symmetric situation, and market and the specialization of production could be stabilized by foreign exchange trade.

Keywords

Key Currency International Trade Multiple Market Model Agent-based Simulation Economic System Simulation 

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Copyright information

© Ohmsha, Ltd. and Springer 2005

Authors and Affiliations

  • Tomohisa Yamashita
    • 1
  • Koichi Kurumatani
    • 1
  • Yuichi Sasaki
    • 2
  • Hidenori Kawamura
    • 2
  • Azuma Ohuchi
    • 2
  1. 1.National Institute of Advanced Industrial Science and TechnologyTokyoJapan
  2. 2.Hokkaido UniversitySapporo, HokkaidoJapan

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